Director - Maine Controller

$149,000 - $186,000/Yr

Avangrid - Portland, ME

Full-time - Mid Level

Portland, ME

Utilities

About the position

This position is responsible for accounting and financial reporting analysis under US GAAP and regulatory coordination for all financial information and regulatory filings within Central Maine Power Company (CMP), Maine Natural Gas Corporation (MNG), and Maine Electric Power Company (MEPCO). The primary focus of this role is to oversee all financial information related to CMP, MNG, and MEPCO, including standalone and FERC reporting. The individual in this role will assist in all regulatory processes, as led by the regulatory team, and will also be involved in the forecasting process for both long-term planning and budgets. A thorough understanding of the end-to-end results and reporting for CMP, MNG, and MEPCO is essential. The role requires the individual to review and coordinate monthly performance reporting for CMP, MNG, and MEPCO, ensuring effective communication of results to the ME CEO and MNG CEO, adhering to US GAAP and IFRS standards. The individual will act as the lead liaison with ME Regulatory, reviewing all financial regulatory filings for CMP, MNG, and MEPCO. Additionally, the role involves reviewing and coordinating rate case data responses related to financial information and rate case filings for CMP and MNG, including providing testimony if required. The individual will also assist in the annual budgeting process and three forecast updates annually, specifically focusing on reviewing and providing key inputs and results. Participation in the preparation and review of investment/divestment standards and related valuation work for CMP, MNG, and MEPCO is also part of the responsibilities. Furthermore, the role includes developing, maintaining, and overseeing financial analysis related to ad-hoc requests and ongoing corporate objectives.

Responsibilities

• Reviews and coordinates monthly performance reporting for CMP, MNG and MEPCO along with communication of results to the ME CEO and MNG CEO (under US GAAP and IFRS).
• Responsible for being the lead liaison with ME Regulatory and reviewing all CMP, MNG and MEPCO financial regulatory filings.
• Responsible for reviewing and coordinating rate case data responses relating to financial information and rate case filings for CMP and MNG, including testimony, if required.
• Responsible for reviewing the CMP, MNG and MEPCO external Financial Reporting (standalone Financial Statements and FERC reporting).
• Assists in the annual Budgeting process along with three forecast updates annually specifically over reviewing and providing key inputs and reviewing results.
• Assists in the ongoing update of the long-term financial plan for CMP, MNG and MEPCO and reviewing of as well as providing key inputs.
• Participation in the preparation and review of Investment/divestment standard and related valuation work for CMP, MNG and MEPCO.
• Develop, maintain, and oversee financial analysis as it relates to ad-hoc requests and/or ongoing corporate objectives.

Requirements

• Bachelors' Degree in Accounting and/or Finance with minimum of ten years relevant work experience in the finance/control area.
• Advance degree or certification preferred.
• Expert knowledge in accounting, finance, overall financial statements and cash flows, regulatory accounting.
• Exposure to IFRS Accounting a plus.
• Strong collaboration skills particularly across organizations.
• Strong Customer Service Orientation.
• Ability to handle multiple projects, priorities, and deadlines.
• Microsoft Office Suites computer skills.
• SAP knowledge.
• Self-starter.
• Strong Delivery focus.
• Ability to prioritize and use initiative at appropriate level.
• Confidence to challenge/question where appropriate.
• Strong analytical and problem-solving skills.
• Excellent communication skills.
• Strong financial modeling skills.
• Demonstrated proficiency with Excel/spreadsheets, SAP and BPC.